Economic downturn wipes 50pc off value of homes

chucky

sarkin1 wrote: »

My mistake I thought brit ment UK house prices.

Chucky you got any links to show how you predicted QE?

yeah here http://www.google.co.uk

sarkin1

Looks like you a very luckkkkkkkkkky boy then

sarkin1

Hang on, let me get this right, 6,000 post and not one link to one of your posts of how house prices will retain their value by QE

chucky

sarkin1 wrote: »

Hang on, let me get this right, 6,000 post and not one link to one of your posts of how house prices will retain their value by QE

have you ever used the search function?

kennyboy66_2

doire wrote: »

This is happening in Ireland because the government there are facing up to the reality of their economic mess.

Not like in the UK where Brown and co are doing their upmost to throw money about which they haven't got in the hope it gets them re-elected in a few months time. It will be interesting to see what the situation is like when the huge cuts come.

On the other hand, they are shackled to the Euro so have no choice.
I doubt if its going to end up pretty in the Republic.
The best young people will leave for Oz, US , Canada and even the UK.
Plus ça change, plus c'est la même chose.

I'm sure someone could construct a graph to show that UK property prices have also fallen by say 30% from peak if measured in Euro's.

I'd rather have a floating exchange rate than be in deflation because you are in the Euro. How on earth do you dig yourself out of negative equity of 500k Euros ?

kennyboy66_2

sarkin1 wrote: »

My mistake I thought brit ment UK house prices.

Chucky you got any links to show how you predicted QE?

Possibly because its near zero interest rates that have really saved the housing market & some Gov't schemes on repossession rather than QE.

Whats that ?

Chucky did predict lower interest rates rather than soaring inflation like some predicted ?

Oh dear.

sarkin1

chucky wrote: »

have you ever used the search function?

I would have guessed that someone as smart as you would have bookmarked the post ready for the occasion of some daft mortgage broker asking you.

kennyboy66 wrote: »

Possibly because its near zero interest rates that have really saved the housing market & some Gov't schemes on repossession rather than QE.

Whats that ?

Chucky did predict lower interest rates rather than soaring inflation like some predicted ?

Oh dear.

yes but he says I have to look for the post

kennyboy66_2

sarkin1 wrote: »

My mistake I thought brit ment UK house prices.

Chucky you got any links to show how you predicted QE?

Your first post on interest rates going up.


20-03-2007, 4:56 PM #12 sarkin1
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This is fantastic news I told you, I told you, I told you,




Don't worry - you were in good company predicting that interest rates and inflation would soar. !!!!!!?, Wookster etc etc.

Mr_Mumble

kennyboy66 wrote: »

Possibly because its near zero interest rates that have really saved the housing market & some Gov't schemes on repossession rather than QE.

The 0.5% difference in base rates between Ireland and Britain explains the large difference in house price falls rather than the £200bn of QE? Really?

StevieJ

Harry_Powell wrote: »

Same here. I'm still waiting for little Tommy Trinder to get his payback. He tripped me up in the playground in class one and I've been waiting for karma to get him back for me. I know for sure that he's gonna die one day, that'll teach him. Payback is a b*tch, Tommy! :mad:

Arry, you must be getting on a bit, some news for you, he got his payback in 1989 Appropriate catchphrase though.

'You Lucky People'